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Loan Modification

: Mortgage Lender Implode-o-Meter

Fate of Housing Finance Poses Risk to Broader Economic Recovery: Lacker

By Implode-Explode Heavy Industries

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"Jeffrey M. Lacker, President of the Federal Reserve Bank of Richmond and a voting member of the FOMC, told a University of Delaware audience that, while the economy is improving and inflation is low, the growth is proceeding at a much slower pace than the country has seen in recessions of the past. This lag, he said, is largely because this time housing is not driving the recovery."

Full post as published by Mortgage Lender Implode-o-Meter on February 08, 2011 (boomark / email).

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